Wallstrip's Lindzon confirms CBS buy

Wallstrip founder and blogger Howard Lindzon confirmed late Monday night in a blog post that the finance-themed Web video show had been purchased by CBS. Rumors had begun to circulate about this buy earlier this month.

Specific financial terms haven't been disclosed (though Lindzon notes that $600,000 has been invested in Wallstrip to date), but it appears that host Lindsay Campbell and producers Adam Elend and Jeff Marks will become full employees of CBS.

It was originally reported that CBS News would be the CBS division to acquire Wallstrip, but Lindzon's blog post makes no mention of that. Instead, he says that the deal was pushed through by tech acquisition veteran Quincy Smith, president of the company's new-media division, CBS Interactive.